Compensation Planning Outlook 2022

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Compensation Planning Outlook 2022

Human Resources

Author: Jonathan Francis, Kelsey Coburn


This year’s Compensation Planning Outlook is based on responses from 363 organizations with operations in Canada. This report summarizes the results of our annual compensation survey and forecast.

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  • This year, Canadian employers are optimistically planning 2022 salary budgets. The average pay increase for non-unionized employees is projected to be 2.4 per cent next year—nearing pre-pandemic level increases.
  • Nine per cent of organizations are freezing pay in 2021—down from 14 per cent that had planned to hold salaries steady across the organization.
  • Short-term incentive pay remains a key component of total compensation—76 per cent of surveyed organizations have at least one short-term incentive plan in place. When compared to last year, the percentage of organizations exceeding target payouts nearly doubled.

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